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United Rentals, Inc.

URI

Industrials · 987.97 -0.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

United Rentals, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-0.1% todayVolume comparison unavailable
Market group0 of 3 activeEquipment Rental · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • Accounts payable rose $834 (107.5%) from Dec 31, 2025 to June 30, 2026, primarily due to seasonal increases in capital expenditures and business activities.

Invalidation: The isolated read changes if URI's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Rental & Leasing Services

No new filing conclusion is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Accounts payable rose $834 (107.5%) from Dec 31, 2025 to June 30, 2026, primarily due to seasonal increases in capital expenditures and business activities.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements73
Verified relationships2
Evidence supporting the case
  • Operating cash flow covered net income at 2.08x in the latest annual period.
  • Supply chain and availability has repeated favorable evidence across 5 filings.
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -1.8 percentage points in the latest annual period.
  • Net margin changed -1.3 percentage points in the latest annual period.
  • Macroeconomic conditions has repeated adverse evidence across 5 filings.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 99% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 21% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

987.97
6m+34.6%12m+4.6%24m+45.1%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$2.3B+13.1%$19.04-0.2%
2022-12-31$2.5B+10.9%$29.65-2.5%
2023-12-31$3.4B+35.7%$35.28-3.2%
2024-12-31$15.3B+352.0%$38.69-3.1%
2025-12-31$16.1B+4.9%$38.61-2.9%

What management says matters

Persistent and emerging business drivers

Macroeconomic conditionsnegative · 5 filings
Management’s Discussion and Analysis of Financial Condition and Results of Operations (dollars in millions, except per share data, unless otherwise indicated) Global Economic Conditions Our operations are impacted by global economic conditions, including infl…
10-Q · Jul 22, 2026
Supply chain and availabilitypositive · 5 filings
Management’s Discussion and Analysis of Financial Condition and Results of Operations (dollars in millions, except per share data, unless otherwise indicated) Global Economic Conditions Our operations are impacted by global economic conditions, including infl…
10-Q · Jul 22, 2026
Tariffs and trade policymixed · 5 filings
Management’s Discussion and Analysis of Financial Condition and Results of Operations (dollars in millions, except per share data, unless otherwise indicated) Global Economic Conditions Our operations are impacted by global economic conditions, including infl…
10-Q · Jul 22, 2026
Capital investment and capacitypositive · 4 filings
Accounts payable increased by $834, or 107.5 percent, from December 31, 2025 to June 30, 2026, primarily due to seasonal increases in capital expenditures and business activities.
10-Q · Jul 22, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.0× · EV/sales 4.8×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

987.97-0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for URI. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for URI. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind URI

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

NPKINPK International Inc.competitorFeb 27, 2026

United Rentals is the largest competitor in the rental market, primarily using wood mats.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 1 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

URI is currently a Early Follower in the organic co-movement group Equipment Rental. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.